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UpGrad Education Pvt Ltd, which runs the edtech platform upGrad, has raised Rs 300 crore (around $36.4 million) in an internal round, with co-founder Ronnie Screwvala contributing Rs 212 crore towards the capital raise.
Temasek invested Rs 81 crore, with the rest coming in from other existing investors, according to .. ....
The internal rights issue is worth Rs 300 crore where Temasek contributed Rs 81 crore and Rs 212 crore infused by the company’s Co-founder and Chairman Ronnie Screwvala. ....
Amid the deepening layoff winter, online higher education platform upGrad may ask a major chunk of its employees about one-third or even more to go in days to come, people familiar with the matter said on Thursday. The company, however, . ....